SUPERMAX CORPORATION BERHAD
Observation From Chart:-
SUPERMAX seem like forming symmetrical triangle.
If able break up the triangle, it will retest RM4.82 resistant level & RM5.00 psychology level.
Most analysts will take a position once the price breaks through the top line of the triangle with increased volume.
As 18 Feb 2011, it closed above MA100 level.
Stochastic %K been trigger buy call on 17 Feb 2011.
MACD going bullish crossover & might trade above positive region soon.
What do you think?
Will it breaks through the top line?
Let watch closely.
Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!
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